Admiral Group Rating Increased to Buy at Numis Securities Ltd (ADM)
Admiral Group (LON:ADM) was upgraded by equities researchers at Numis Securities Ltd to a “buy” rating in a research report issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a GBX 1,710 ($28.07) target price on the stock, up from their previous target price of GBX 1,425 ($23.39). Numis Securities Ltd’s price target indicates a potential upside of 20.85% from the company’s current price.
Shares of Admiral Group (LON:ADM) opened at 1455.00 on Wednesday. Admiral Group has a one year low of GBX 1172.00 and a one year high of GBX 1425.00. The stock has a 50-day moving average of GBX 1288.18 and a 200-day moving average of GBX 1279.43. The company’s market cap is £3.985 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC raised their price target on shares of Admiral Group from GBX 1,550 ($25.44) to GBX 1,580 ($25.94) in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Canaccord Genuity upgraded shares of Admiral Group to a “hold” rating in a research note to investors on Monday. They now have a GBX 1,400 ($22.98) price target on the stock, up previously from GBX 1,160 ($19.04). Finally, analysts at Credit Suisse cut their price target on shares of Admiral Group from GBX 1,351 ($22.18) to GBX 1,340 ($22.00) in a research note to investors on Wednesday, January 15th. They now have a “neutral” rating on the stock. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,242.20 ($20.39).
Admiral Group plc is the holding company for the Admiral Group of companies. Its principal activity is selling and administration of private motor insurance and related products.
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